Trade: Vietnam’s import export turnover continues to climb despite tariff risks

Vietnam’s total trade in goods reached US$82.27 billion in July, up 8.0 percent month-on-month and 16.8 percent year-on-year, according to the latest data from Vietnam’s National Statistics Officeview source.

In the first seven months of 2025, total import export turnover reached US$514.7 billion, up 16.3 percent year-on-year, with a trade surplus of US$10.18 billion.

Key details:

Exports (July):

• US$42.27 billion, up 6.9 percent month-on-month and 16.0 percent year-on-year
• Domestic sector: US$8.95 billion, up 3.5 percent
• Foreign-invested sector: US$33.32 billion, up 7.9 percent

Exports (year-to-date):

• US$262.44 billion, up 14.8 percent year-on-year
• Domestic sector: US$67.48 billion, up 6.7 percent
• Foreign-invested sector: US$194.96 billion, up 17.9 percent

Top export items:

• Electronics and computers: US$56.71 billion, up 41.9 percent
• Phones and accessories: US$32.46 billion, down 0.4 percent
• Machinery and spare parts: US$32.2 billion, up 14.6 percent
• Textiles: US$22.59 billion, up 11.0 percent
• Coffee: US$5.99 billion, up 64.9 percent

Export structure (year-to-date):

• Processed industrial goods: US$232.37 billion (88.6 percent)
• Agriculture and forestry: US$22.4 billion (8.5 percent)
• Aquatic products: US$6.08 billion (2.3 percent)
• Fuel and minerals: US$1.59 billion (0.6 percent)

Imports (July):

• US$40.0 billion, up 9.1 percent month-on-month and 17.8 percent year-on-year
• Domestic sector: US$11.29 billion, up 4.6 percent
• Foreign-invested sector: US$28.71 billion, up 11.0 percent

Imports (year-to-date):

• US$252.26 billion, up 17.9 percent year-on-year
• Domestic sector: US$84.07 billion, up 8.0 percent
• Foreign-invested sector: US$168.19 billion, up 23.6 percent

Top import items:

• Electronics and computers: US$81.79 billion, up 37.2 percent
• Machinery and spare parts: US$33.49 billion, up 24.5 percent
• Cars: US$5.82 billion, up 32.5 percent
• Iron and steel: US$6.23 billion, down 9.6 percent

Import structure (year-to-date):

• Production materials: US$236.57 billion (93.8 percent)
• Consumer goods: US$15.69 billion (6.2 percent)

Trade balance (Jan–Jul 2025):

• Total surplus: US$10.18 billion
• Domestic sector: trade deficit of US$16.6 billion
• Foreign-invested sector: trade surplus of US$26.78 billion

Top trade partners:

• United States: exports worth US$85.1 billion, surplus of US$74.6 billion
• China: imports worth US$101.5 billion, deficit of US$66.5 billion
• EU: surplus of US$22.3 billion
• Japan: surplus of US$1.3 billion
• South Korea: deficit of US$17.4 billion
• ASEAN: deficit of US$8.5 billion

See also: Vietnam Trade: Exports, Imports & FTAs

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